Royal Commission: APRA deputy chair Helen Rowell warns public enforcement action could destabilise funds

Australian Prudential Regulation Authority deputy chair Helen Rowell says the banking watchdog prefers to operate behind the scenes rather than seeking public enforcement action. 

Ms Rowell told the financial services Royal Commission that APRA was aware of risks that investors of any targetted fund might rush to liquidate their investment and destablise a fund. 

ABC's Peter Ryan says APRA confirmed it had not taken any enforcement action against a super fund since 2008.

Here's the coverage from The World Today on the ABC